Its not alarmist. Simply the truth.
Statistics for 2008 will show around 40% in this year due dirham decline combined with accelerating inflation. Countries battle to keep inflation below 4% at most otherwise the inflation spiral takes off. It has here and the genie is out the bottle. Its very difficult to get it back!
Assuming radical measures are taken right now it will take a few years to wind these levels back. But no measures have been taken and the dirham continues down. This may well be what finally brings the boom to an end.
Again anyone taking up employment in the UAE needs to be very careful.